Artificial Intelligence Chip Market Size, Share, Growth, Trends and Forecast 2024-2032

The latest report by IMARC Group, titled “Artificial Intelligence Chip Market Report by Chip Type (GPU, ASIC, FPGA, CPU, and Others), Technology (System-on-Chip (SoC), System-In-Package (SIP), Multi-Chip Module, and Others), Processing Type (Edge, Cloud), Application Insights (Natural Language Processing (NLP), Robotics, Computer Vision, Network Security, and Others), Industry Vertical (Media and Advertising, BFSI, IT and Telecom, Retail, Healthcare, Automotive and Transportation, and Others), and Region 2024-2032“, The global artificial intelligence chip market size reached US$ 18.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 150.4 Billion by 2032, exhibiting a growth rate (CAGR) of 25.8% during 2024-2032. 

  

An artificial intelligence (AI) chip is a specialized microprocessor designed to process the complex algorithms and data structures involved in AI and machine learning (ML) applications. It includes graphics processing units (GPUs), field-programmable gate arrays (FPGAs), application-specific integrated circuits (ASICs), and neural processing units (NPUs). It helps optimize the computational requirements of neural networks, which involve large amounts of data and extensive parallel processing capabilities. At present, AI chips are employed in a wide range of applications, including natural language processing (NLP), image and speech recognition, autonomous vehicles, and robotics across the globe.

What are the growth prospects and trends in the artificial intelligence chip industry:

At present, the introduction of AI in numerous industries and the escalating demand for energy-efficient systems represent one of the key factors positively influencing the market.

In addition, the increasing adoption of cloud computing that provides access to high-performance computing resources, and the increasing number of information technology (IT) industries that focus on the development of efficient processors are creating a favorable market outlook. Apart from this, the increasing focus on smart homes and cities and the improvement of autonomous robotics are fueling the market growth.

Furthermore, the increasing usage of social media and e-commerce platforms is resulting in a huge amount of data volume. This, along with the development of neuromorphic computing, is stimulating the market growth.

Competitive Landscape with Key Player:

• Advanced Micro Devices Inc.
• Huawei Technologies Co. Ltd.
• Intel Corporation
• LG Electronics Inc. (LG Corporation)
• Mediatek Inc.
• Micron Technology Inc.
• Mythic Inc.
• Nvidia Corporation
• NXP Semiconductors N.V.
• Qualcomm Technologies Inc
• SK hynix Inc.
• Toshiba Corporation

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/artificial-intelligence-chip-market/requestsample

What is included in market segmentation:

The report has segmented the market into the following categories:

Breakup by Chip Type:

• GPU
• ASIC
• FPGA
• CPU
• Others

Breakup by Technology:

• System-on-Chip (SoC)
• System-In-Package (SIP)
• Multi-Chip Module
• Others

Breakup by Processing Type:

• Edge
• Cloud

Breakup by Application:

• Natural Language Processing (NLP)
• Robotics
• Computer Vision
• Network Security
• Others

Breakup by Industry Vertical:

• Media and Advertising
• BFSI
• IT and Telecom
• Retail
• Healthcare
• Automotive and Transportation
• Others

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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